রবিবার, ২৫ মে ২০২৫, ০১:৩৩ পূর্বাহ্ন
Retail investors have been buying up the stock, hoping to cash in on stronger sales numbers. Investors may even be hoping that Siga becomes the next Moderna. One stock that has been showing signs that it could be the next big meme stock is SIGA Technologies (SIGA 0.54%). It has been incredibly volatile of late and may remain so over the weeks and months ahead, and here’s why. Not only is Siga’s share price up, but trading volumes are through the roof. GameStop became the chief beneficiary of the first round of meme stock mania in late 2020 when Ryan Cohen, the co-founder of pet supplies group Chewy, announced he had a plan to revive the fortunes of the flagging company.
MEME features an equal-weighted portfolio of 25 stocks based on social media popularity and market sentiment. The top 25 such firms are included in the portfolio, which is re-examined and rebalanced twice a month. After the initial meme stock craze, GameStop shares drifted steadily lower, settling at just over $10 a share by the Spring of 2024. However, in mid-May of that year, the stock experienced a sudden resurgence, fueled by the return of Keith Gill, aka “Roaring Kitty,” to social media. Hedge funds and experienced investors know these aren’t long-term stock picks, they’re a wave meant to be ridden and abandoned when volume dries up. One useful page is MarketBeat’s media sentiment tracker, which uses a language processing algorithm to measure positive or negative headlines regarding trending stocks.
Though some retail investors, especially those highly leveraged with options trades, got much richer following Monday’s gains, it was still billionaires who gained the most. Ryan Cohen, GameStop’s CEO, chairman and largest individual shareholder with his 12% stake, grew about $480 million richer, expanding his fortune to $4.2 billion. Donald J. Trump, the former U.S. president who owns 85% of his namesake social media company, got $100 million richer, swelling his net worth to almost $8 billion. C3.ai has over 100 Fortune 500 companies using its platform.
Bear in mind that meme stocks can be especially volatile, so plan accordingly and be prepared to continue investing more over time. More traditional investors decry the lack of business fundamentals and strong performance to justify sharp surges in stock price. On the other hand, as individual investors point out, given enough support from the masses, a climbing stock price (regardless of current fundamentals) can eventually equate to a stronger business. This comes from renewed consumer interest, along with a rebounding share price or the raising of fresh cash through capital markets when the stock price rises. On the other hand, if you’re a believer in the speculative nature of the meme stock movement, then there are few stocks that bear it out more than WISH stock. And the analyst community gives the company a share price of over $11.
Meme stocks tend to be highly volatile, evidenced by one-time meme stocks Bed Bath & Beyond and WeWork’s bankruptcies. That’s why it’s part of this meme stock list, because retail investors have figured out a formula and they’re making it work. The company’s revenue and earnings are still down from pre-pandemic levels and yet the stock price is above pre-pandemic levels. Meme stocks have been a boon to investors, day traders, and brokerage platforms but companies have also capitalized on the meme stock phenomenon. As a result of sky-high prices and persistent demand for shares among individual investors, AMC Theaters CEO Adam Aron took advantage of the elevated valuation and engaged in a series of secondary (follow-on) offerings in 2021.
Like many companies on this list, the risk/reward calculus for Clover Health in 2022 comes down to its ability to generate revenue with its Clover Assistant. The Clover Assistant uses AI and predictive analysis to give doctors actionable patient care information that will drive better health outcomes. © 2024 Market data provided is at least 10-minutes delayed and hosted by avatrade review Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. GameStop’s stock price has gained 179% over the past two sessions, though at $48.75 it’s still well below its record of more than $85 in January 2021.
Given the interest in these high risk/high return names, I’ll discuss seven other meme stocks today. Needless to say, the stock price wasn’t sustainable, but GME stock is still up over 600% in 2021. It’s unrealistic to expect that the company will deliver that kind of performance in 2022. The company’s ability to pivot from a brick-and-mortar to a digital model has yet to be determined. But at this point, loyal GameStop investors believe in the stock, and that may be enough to push the stock higher. What looked unsustainable nine months ago is proving to have staying power.
This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. We believe everyone should be https://www.broker-review.org/ able to make financial decisions with confidence. After hitting a 52-week high of $16.55 in late January, the stock nosedived and saw a 52-week low of $1.69 in early March. Then came the sudden run-up in price over the past month and WPG shares rallied to almost $7. Coming weeks are likely to bring more volatility to the shares.
Their fundamentals should be pretty negative, which draws in bears and short sellers who expect the stock price to fall lower. Logically, this makes sense since the fundamentals usually determine a company’s underlying stock price. This negative sentiment causes short interest to rise, another key factor for meme stocks. Meme stocks must have a high short interest to spark a short squeeze. Meme stocks should have social media buzz, a huge rising volume and a small float. Meme stocks became all the rage among retail investors during the COVID-19 pandemic.
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The next GameStop stock will have to have more than a 100% short interest. Those gains increased sharply on Tuesday as momentum continued to build around the meme stock trades. Before the opening bell, shares of GameStop and AMC soared as much as 158% and 132%, respectively. But when a highly shorted stock rises in price quickly, short sellers could scramble to get out of their trades. They can do that only by buying shares of the stock, which can set off a self-feeding cycle that makes the price shoot even higher. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor.
